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Commitments and Contingencies
12 Months Ended
Jan. 29, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies Commitments and Contingencies
Commitments
Other Contractual Commitments
The Company has an executive severance plan that is applicable to certain key employees that provide for, among other things, salary, bonus, severance, and change-in-control provisions.
As of January 29, 2022, the Company has other purchase commitments of approximately $9.9 million consisting of purchase agreements for materials that will be used in the construction of new stores.
In July 2020, the Company acquired land in Buckeye, Arizona, to build an approximately 860,000 square foot distribution. The total amount paid for the land and building was approximately $65 million. We began operating the distribution center in August 2021.
In March 2021, the Company acquired land in Indianapolis, Indiana, to build an approximately 1,030,000 square foot distribution center to support the Company's anticipated growth. The total cost of the land and building is expected to be approximately $61 million, of which approximately $43 million has been paid through January 29, 2022. The Company expects to occupy the distribution center in the first half of 2022.
Contingencies
Legal Matters
From time to time, the Company is involved in certain legal actions arising in the ordinary course of business. In management’s opinion, the outcome of such actions will not have a material adverse effect on the Company’s financial condition or results of operations.